Weitz Investment Large Cap Equity Fund Added IDEX Corporation (IEX) As It Trades at a Discount To The Business Value Estimates

Insider Monkey11-22 20:56

Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, ...

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A copy of the letter can be downloaded here. In the third quarter, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/weitz-investment-large-cap-equity-125640774.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1721427968.SGD","symbol_name":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/weitz-investment-large-cap-equity-125640774.html","article_id":"2485686622","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/uaG5kkPTQxpmhxt6fYMTlQ--~B/aD00MzA7dz03Njg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/insidermonkey.com/6ad91b5f6cdaca3a525b4513395d9180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485686622","pubTimestamp":1732280200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund’s Institutional Class returned 7.84% compared to a +6.08% return for the Russell 1000 Index. As AI fever subsided, stock gains were widespread. Value stocks outperformed higher-flying growth stocks, while small and medium-sized businesses took the lead. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2024.Weitz Large Cap Equity Fund highlighted stocks like IDEX Corporation  in its Q3 2024 investor letter. IDEX Corporation  is a global provider of applied solutions. The one-month return of IDEX Corporation  was 12.14%, and its shares gained 14.18% of their value over the last 52 weeks. On November 21, 2024, IDEX Corporation  stock closed at $227.45 per share with a market capitalization of $17.223 billion.Weitz Large Cap Equity Fund stated the fo","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","IDEX":"优点互动","LU2413665964.HKD":"BNP PARIBAS AQUA \"C\" (HKD) ACC","BK4161":"工业机械","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","IEX":"IDEX Corp","BK4215":"住宅房地产投资信托","BK4585":"ETF&股票定投概念","EQR":"资产住宅公司","LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","LU1543694498.USD":"法巴水资源基金RH MD Dis","BK4149":"建筑机械与重型卡车","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU1620156213.USD":"BNP PARIBAS AQUA \"C\" (USD) INC","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","LU2413666004.HKD":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","LU1620156130.USD":"BNP PARIBAS AQUA \"C\" (USD) ACC","LU1923621640.USD":"Natixis Thematics Water R/A USD","BK4588":"碎股","LU1596574779.USD":"BNP PARIBAS AQUA \"C\" (USDHDG) ACC"},"translate_title":"Weitz Investment大盘股票基金增加了IDEX Corporation(IEX)，因为其交易价格低于商业价值估计","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQR":1,"IDEX":1,"IEX":1},"content_text":"Weitz Investment Management, an investment management firm, released its “Large Cap Equity Fund” third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund’s Institutional Class returned 7.84% compared to a +6.08% return for the Russell 1000 Index. As AI fever subsided, stock gains were widespread. Value stocks outperformed higher-flying growth stocks, while small and medium-sized businesses took the lead. In addition, you can check the fund’s top 5 holdings to find out its best picks for 2024.\nWeitz Large Cap Equity Fund highlighted stocks like IDEX Corporation (NYSE:IEX) in its Q3 2024 investor letter. IDEX Corporation (NYSE:IEX) is a global provider of applied solutions. The one-month return of IDEX Corporation (NYSE:IEX) was 12.14%, and its shares gained 14.18% of their value over the last 52 weeks. On November 21, 2024, IDEX Corporation (NYSE:IEX) stock closed at $227.45 per share with a market capitalization of $17.223 billion.\nWeitz Large Cap Equity Fund stated the following regarding IDEX Corporation (NYSE:IEX) in its Q3 2024 investor letter:\n\n\"We continued to increase the Fund's positions in Global Payments and IDEX Corporation (NYSE:IEX). during the quarter. Both stocks trade at significant discounts to our business value estimates. The companies have fundamental catalysts that could drive the stocks, but the timetable may have slipped a bit. The challenge is that investors want results now, especially in a bull market. We have specific milestones to track, and we think their achievement can be measured in quarters rather than years. In our view, the potential payoffs are well worth the wait.\"\n\n A worker in a laboratory coat checking a Positive Displacement Pump. \nIDEX Corporation (NYSE:IEX) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held IDEX Corporation (NYSE:IEX) at the end of the third quarter which was 33 in the previous quarter. IDEX Corporation’s (NYSE:IEX) sales for the third quarter were $798 million, reflecting a 1% increase compared to the previous year, though remaining flat organically. While we acknowledge the potential of IDEX Corporation (NYSE:IEX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nIn another article, we discussed IDEX Corporation (NYSE:IEX) and shared SouthernSun SMID Cap Strategy's views on the company. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors.\nREAD NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485686622"}